Sensex closes at 38,690.10, Nifty settles 15.10 points down; PSU banks, FMCG and pharma top gainers

Sensex slips 32.83 points to end at 38,690.10 and Nifty down 15.10 points to 11,676.80 at the close of market hours. With the advancement of 1,441 shares and the decline of 1,255 shares, 169 unchanged shares, the market breadth was positive.
 
PSU banks, FMCG, pharma, and metals are the top gainers while Bank Nifty, energy and auto were the looser with Eicher Motors, Maruti Suzuki, IndusInd Bank, and Bajaj Finance have lost the most. While Tata Steel and Sun Pharma were the top gainers.
 
The rupee pared some early losses, trading 10 paise lower at 70.69 against the US currency in late morning deals on sustained month-end dollar demand from importers and rising crude oil prices.
 
Earlier the rupee resumed lower at 70.64 against yesterday's closing level of 70.59 a dollar at the interbank foreign exchange market here.
 
The Indian unit dipped to a fresh all-time low of 70.90 in volatile trade, it was trading at 70.69 at 1030 hrs. The rupee hovered between 70.62 and 70.90 during morning deals.

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The domestic unit came under pressure on surging crude oil which held on its highest level in over a month, a dealer said.
 
Benchmark indices Sensex and Nifty turned negative in the morning trade today. The 30-share BSE index, after rising over 96 points at the outset on selective buying metal, power and IT stocks, turned choppy and was trading 54.08 points, or 0.14 per cent, lower at 38,668.85 at 0930 hrs.